On February 14, 2019 the Department of Veteran’s Affairs published VA Circ. 26-19-5 (available at: https://www.benefits.va.gov/homeloans/resources_circulars.asp) which provides further details and clarifications on how to comply with the Department’s new net tangible benefit regulations (which we discuss here: https://compliance.docutech.com/2019/01/17/document-updates-va-refinance-loan-comparison-cx14501/). This Circular also includes a sample disclosure which may be used for the net tangible benefit rules (albeit it does not include a lender’s certification of the recoupment of costs, which was also required under the new regulations).
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).